Petron, to cut down their kerosene and petroleum prices.

Petron Corporation declared that it would apply price mark down on its diesel and kerosene products on Monday. According to an officer of Petron, the rollback would take effect 12 noon.

The other major players like Pilipinas Shell and Chevron will have to make their announcement yet whether they will do the same thing as Petron. According to Rafael Ledesma Petron’s public officer, the diesel and kerosene will be 75 centavos cheaper to replicate the downtrend in the international oil markets.

Previous report states that independent oil firms, Eastern Petroleum and Seaoil Phillipines will also cut their price by 50 centavos.